---
schema_version: "secwatch.filing_event.v1"
accession: "0001049521-22-000013"
form_type: "8-K"
ticker: "MRCY"
cik: "0001049521"
company_name: "MERCURY SYSTEMS INC"
filed_at: "2022-02-28T23:59:59+00:00"
generated_at: "2026-06-27T03:24:11.343233+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Mercury Systems upsizes revolver to $1.1B, extends maturity to 2027

## Summary
- Revolving credit facility increased from $750M to $1.1B; maturity February 28, 2027.
- Maximum net leverage ratio raised to 4.50x (5.00x for four quarters following a material acquisition).
- Outstanding borrowings unchanged at $451.5M; initial interest rate SOFR plus 1.250%.
- Quarterly commitment fee on unused portion initially set at 0.20% per annum, subject to pricing grid.

## SEC filing metadata
- accession: 0001049521-22-000013
- form_type: 8-K
- ticker: MRCY
- cik: 0001049521
- company_name: MERCURY SYSTEMS INC
- filed_at: 2022-02-28T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1049521/000104952122000013/0001049521-22-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1049521/000104952122000013/mrcy-20220228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001049521-22-000013
- JSON: https://secwatch.observer/filing/0001049521-22-000013.json
- Plain text: https://secwatch.observer/filing/0001049521-22-000013.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.